UPDATE: Gold marks a third straight gain, then moves higher in electronic trade after Fed statement
Gold prices settled higher Wednesday (http://www.marketwatch.com/story/gold-prices-rise-ahead-of-feds-policy-statement-2020-09-16) for a third straight session, then moved even higher after the Federal Open Market Committee said (http://www.marketwatch.com/story/fed-decision-day-live-blog-2020-09-16) it plans to keep key interest rates near zero through 2023. In electronic trading, gold for December delivery was at $1,974.90 an ounce shortly after the policy announcement. The contract had climbed $4.30, or 0.2%, to settle at $1,970.50 an ounce on Comex, ahead of the Fed news.
-Myra P. Saefong; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
September 16, 2020 14:32 ET (18:32 GMT)
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